March 30, 2009
The San Francisco Chronicle is known to paint a drab story of the local real estate market.
It therefore caught the attention of BuzzBuzzHome to see the San Francisco Chronicle (in the article “Bargain home prices attract investors, novices“) report on positive movement in the market.
As per the Chronicle, the Bay Area median price is roughly $300,000 and therefore with the median income of the Bay Area being $80,000, one can now buy a median price house.
Carolyn Said, author of the story, says “despite a tattered economy and grim real estate market, every month more than 5,000 people buy a house in the Bay Area.”
Could this be a sign that the end of the rough times are near in San Fran? In any event, looks like this is a good time for the first-time home buyer or investor.